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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-04-07
THE RUPEE: modest recovery
Currency

THE RUPEE: modest recovery

The rupee recovered modestly against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee gained 20 paisas in relation to the dollar for buying and selling at Rs 142.30 and Rs 142.80 respectively, they said. The ru
Published 07 Apr, 2019 12:00am
Jordan seeks to buy 120,000 tonnes of wheat

Jordan seeks to buy 120,000 tonnes of wheat

Jordan's state grain buyer has issued an international tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Wednesday. Tender deadline is April 9. A new tender had been expected by traders.
Published 07 Apr, 2019 12:00am
Lacklustre business seen on cotton market
Cotton

Lacklustre business seen on cotton market

Lacklustre business was witnessed on the cotton market on Saturday due to lack of selling interest by ginners, dealers said. The official spot rate was unchanged at Rs 8,700, they added. In the ready session, a deal of 1000 bales of cotton finalised at Rs
Published 07 Apr, 2019 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures closed higher on Thursday, supported by spillover strength in allied US soyabean futures and fund-driven short-covering, traders said. A slow pace of farmer selling added to bullish sentiment. Rallies were capped by worries abo
Published 07 Apr, 2019 12:00am
Brazil's first quarter soya, corn exports surpass year-ago levels

Brazil's first quarter soya, corn exports surpass year-ago levels

Brazilian exports of soyabeans and corn in the first quarter were larger than seen in the same period a year earlier, data released on Monday by the country's economy ministry shows. Brazil shipped 8.95 million tonnes of soyabeans in March, more than the
Published 07 Apr, 2019 12:00am
German Bund yields at two-week high

German Bund yields at two-week high

Government bond yields in Europe rose on Friday after US President Donald Trump said a trade deal with China may be reached within four weeks.
Published 07 Apr, 2019 12:00am
German Bund yields at two-week high

German Bund yields at two-week high

Government bond yields in Europe rose on Friday after US President Donald Trump said a trade deal with China may be reached within four weeks.
Published 07 Apr, 2019 12:00am
Latam stocks end week strongly

Latam stocks end week strongly

An index of Latin American stocks rose to a more than two week closing peak on Friday, helped by solid gains in index heavyweights Brazil and Mexico, with broad risk sentiment buoyed by hopes of smoother US-China trade. Brazilian Finance Minister Paulo Gu
Published 07 Apr, 2019 12:00am
Asian stocks register their best quarterly gain in seven years

Asian stocks register their best quarterly gain in seven years

Asian stocks continued their rally in March to post their best quarterly gain in 7 years, as optimism about a Sino-US trade deal and dovish shifts in major central banks' monetary policies, propelled regional shares. MSCI's broadest index of Asia-Pacific
Published 07 Apr, 2019 12:00am
Egypt offers euro-denominated bonds on London stock exchange

Egypt offers euro-denominated bonds on London stock exchange

Egypt aims to raise 2 billion euros ($2.2 billion) in six-year and 12-year euro-denominated bonds in a sale starting on Thursday, according to a document by one of the banks leading the deal. The auction on the London Stock Exchange will be settled on Apr
Published 07 Apr, 2019 12:00am
Egypt offers euro-denominated bonds on London stock exchange

Egypt offers euro-denominated bonds on London stock exchange

Egypt aims to raise 2 billion euros ($2.2 billion) in six-year and 12-year euro-denominated bonds in a sale starting on Thursday, according to a document by one of the banks leading the deal. The auction on the London Stock Exchange will be settled on Apr
Published 07 Apr, 2019 12:00am
Huge inflows to US high-yield bond, investment-grade debt funds

Huge inflows to US high-yield bond, investment-grade debt funds

Investors' appetite for risk-taking was strong in the latest week, as US-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group's fourth consecutive week of inflows, according to Refinitiv's Lipper r
Published 07 Apr, 2019 12:00am
Huge inflows to US high-yield bond, investment-grade debt funds

Huge inflows to US high-yield bond, investment-grade debt funds

Investors' appetite for risk-taking was strong in the latest week, as US-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group's fourth consecutive week of inflows, according to Refinitiv's Lipper r
Published 07 Apr, 2019 12:00am
S&P posts longest winning streak since October 2017

S&P posts longest winning streak since October 2017

US stocks rose on Friday, boosted by better-than-expected job growth in March, which eased concerns of an economic slowdown that have periodically roiled financial markets over the past year. With Friday's gains, the benchmark S&P 500 has closed higher fo
Published 07 Apr, 2019 12:00am
Canadian dollar hits one-week low
Currency

Canadian dollar hits one-week low

The Canadian dollar weakened to a one-week low against its US counterpart on Friday as domestic data showing an unexpected decline in jobs diminished prospects of the Bank of Canada turning more upbeat on the economy.
Published 07 Apr, 2019 12:00am
Bitcoin trading volume hits two-year low in March
Currency

Bitcoin trading volume hits two-year low in March

Bitcoin's trading volume dropped to a two-year low in March, digital currency trading tool provider TradeBlock said in a report on Thursday, as investors remained spooked by increased regulatory scrutiny. Bitcoin volume in the top five digital currency ex
Published 07 Apr, 2019 12:00am
Sterling to rise 3 percent if Brexit deal looks likely
Currency

Sterling to rise 3 percent if Brexit deal looks likely

Sterling will rally 3 percent if the Brexit gridlock is resolved and Britain looks likely to leave the European Union with a deal but the currency will tumble 5 percent if negotiations fail, a Reuters poll found. The pound tanked after the June 2016 refer
Published 07 Apr, 2019 12:00am
Saudi Aramco to offer $16 billion in contracts

Saudi Aramco to offer $16 billion in contracts

Saudi Aramco will offer 140 contracts worth 60 billion riyals ($16 billion) to small and medium-sized enterprises (SMEs) in the kingdom, the Al Arabiya TV website reported on Saturday.
Published 07 Apr, 2019 12:00am
Swedbank chairman quits

Swedbank chairman quits

The chairman of Swedbank, the Swedish lender accused of money-laundering in Baltic countries, stepped down on Friday, the bank said a week after the board sacked its chief executive. "Lars Idermark has, with immediate effect, decided to leave the role as
Published 07 Apr, 2019 12:00am
SAP cloud business head quits

SAP cloud business head quits

Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europe's most valuable technology company reshapes its operations. Robert Enslin, who joined SAP in 1992 and had served on its board since
Published 07 Apr, 2019 12:00am
Trump sees progress in China talks but doesn't predict success

Trump sees progress in China talks but doesn't predict success

President Donald Trump on Friday said talks with Beijing were making progress toward ending the trade war between the world's two top economies, but he again stopped short of predicting success. "The China meeting was a big success," Trump told reporters,
Published 07 Apr, 2019 12:00am
Iran to expand gas, power trade with Iraq: Rouhani

Iran to expand gas, power trade with Iraq: Rouhani

President Hassan Rouhani called on Saturday for Iran and neighbouring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by US sanctions against Tehran. "The plans to
Published 07 Apr, 2019 12:00am
Tens of thousands protest climate change in Switzerland

Tens of thousands protest climate change in Switzerland

Tens of thousands of people demonstrated Saturday in several Swiss cities against climate change, the Swiss news agency Keystone-ATS reported. Around 50,000 marched in all, the news agency report estimated, including 15,000 in Zurich and up to nine thousa
Published 07 Apr, 2019 12:00am
Scientists set to unveil first picture of a black hole

Scientists set to unveil first picture of a black hole

The world, it seems, is soon to see the first picture of a black hole. On Wednesday, astronomers across the globe will hold "six major press conferences" simultaneously to announce the first results of the Event Horizon Telescope (EHT), which was designed
Published 07 Apr, 2019 12:00am
Netanyahu won't move 'even one' settler for US peace plan

Netanyahu won't move 'even one' settler for US peace plan

Prime Minister Benjamin Netanyahu said he has told US President Donald Trump that Israel would not remove "even one person" from a settlement as part of a future peace plan. "I said there shouldn't be the removal of even one settlement" from the occupied
Published 07 Apr, 2019 12:00am
'Yellow vests' march again as government tries to regroup

'Yellow vests' march again as government tries to regroup

Thousands of "yellow vest" protesters marched Saturday for the 21st consecutive week to denounce French government policies, as the authorities prepare to unveil the results of a nationwide consultative exercise designed to address public grievances.
Published 07 Apr, 2019 12:00am
Spain arrests Polish millionaire

Spain arrests Polish millionaire

A fugitive Polish "multi-millionaire" at the heart of an eavesdropping scandal that contributed to the ruling Civic Platform liberals losing elections in 2015 has been arrested in Spain, police said Saturday. Marek Falenta was sentenced to two-and-a-half
Published 07 Apr, 2019 12:00am
Germans protest against 'rent insanity', seek expropriation

Germans protest against 'rent insanity', seek expropriation

Thousands of people Saturday joined marches across major German cities against "rental insanity" or Mietwahnsinn, which has sparked a popular backlash. Organisers said at least 6,000 people gathered in Berlin's emblematic Alexanderplatz and were marching
Published 07 Apr, 2019 12:00am
G7 urges greater role for women in peace processes

G7 urges greater role for women in peace processes

Foreign ministers from the world's seven most developed nations on Saturday urged a greater role for women in solving conflicts, saying that peace settlements with female involvement were more likely to endure. The Group of Seven (G7) ministers, at their
Published 07 Apr, 2019 12:00am
Punjab to introduce projects for promoting livestock sector

Punjab to introduce projects for promoting livestock sector

Punjab Minister for Livestock & Dairy Development Sardar Husnain Bahadar Dreshik has revealed that revolutionary projects would be introduced in the next financial year budget for the development and promotion of the livestock sector as per the vision of
Published 07 Apr, 2019 12:00am
Ramazan bazaars: PSMA to provide sugar at Rs 54 per kg

Ramazan bazaars: PSMA to provide sugar at Rs 54 per kg

Pakistan Sugar Mills Association (PSMA) has agreed to provide sugar at the rate of Rs54 per kilogram in Ramazan bazaars. This was disclosed in a meeting of Cabinet Committee for Price Control presided over by Punjab Minister for Industries and Trade, Mian
Published 07 Apr, 2019 12:00am
Government contractors oppose e-bidding system in North Waziristan

Government contractors oppose e-bidding system in North Waziristan

Tribal government contractors from North Waziristan have strongly opposed the enforcement of E-bidding system and demanded the system should be deferred for some time to protect interest of local contractors and avoid unemployment in the tribal district.
Published 07 Apr, 2019 12:00am
Call for adopting climate smart agriculture approach

Call for adopting climate smart agriculture approach

Climate smart agriculture requires adoption of a wide array of techniques for all crops to tackle climate change threats and enhance yields, said State Bank of Pakistan (SBP) in its recent report. Pakistan is ranked among the top 10 most climate vulnerabl
Published 07 Apr, 2019 12:00am
NUST joins UK-based THE University Impact Rankings

NUST joins UK-based THE University Impact Rankings

National University of Sciences and Technology (NUST) has made its mark as an 'inaugural participant' in a new ranking category introduced by Times Higher Education (THE), a renowned UK-based university ranking agency.
Published 07 Apr, 2019 12:00am
Thar's relief works report furnished

Thar's relief works report furnished

The Deputy Commissioner Tharparkar said in report regarding healthcare facilities, children deaths and relief activities that 209 children were admitted in different government hospitals in gasping condition at district and Taluka level.
Published 07 Apr, 2019 12:00am
Hot & humid weather forecast for Karachi

Hot & humid weather forecast for Karachi

The Met Office on Saturday forecast hot and humid weather for the metropolis with temperature up to 38 degrees Celsius in the next 48 hours. It said that weather is expected to remain hot up 38 degrees Celsius on Sunday with humidity up to 80 percent. Tem
Published 07 Apr, 2019 12:00am
Raise in drug price in line with Drug Pricing Policy

Raise in drug price in line with Drug Pricing Policy

Medicine prices have not been arbitrarily increased by the pharmaceutical companies but by the Drug Regulatory Authority of Pakistan (DRAP) following Drug Pricing Policy 2018 giving pharmaceutical companies first price increase after 18 years, said source
Published 07 Apr, 2019 12:00am
KBP threatens to give protest call

KBP threatens to give protest call

Kissan Board Pakistan (KBP) Secretary General, Chaudhry Shaukat Chaddhar has warned the government that the Board will give a protest call if issues being faced by the growers are not resolved at the earliest.
Published 07 Apr, 2019 12:00am
Concern voiced over installation of much less cameras in Karachi

Concern voiced over installation of much less cameras in Karachi

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed his concern that only 3,000 cameras have been installed on just 300 locations in the biggest city of the country of over 20 million population, most of which a
Published 07 Apr, 2019 12:00am
MQM-P criticises PPP for opposing Hyderabad University

MQM-P criticises PPP for opposing Hyderabad University

Muttahida Qaumi Movement-Pakistan (MQM-P) has accused Pakistan Peoples Party (PPP), ruling party in Sindh, of being "biased" towards urban Sindh by opposing the establishment of Hyderabad University. The establishment of university in Hyderabad was announ
Published 07 Apr, 2019 12:00am
Asad Umar stresses need for creating jobs
Currency

Asad Umar stresses need for creating jobs

Finance Minister Asad Umar has said that the private sector entrepreneurs should come forward in all sectors and generate jobs. He was addressing a ceremony held on the occasion of commencement of currency management services, hosted by SOS Pakistan. Asad
Published 07 Apr, 2019 12:00am
Using state machinery for public gatherings a tradition: PAS

Using state machinery for public gatherings a tradition: PAS

Previous governments, civilian and military, routinely used state machinery for impressive rallies during their respective tenures hence use of official resources for rallies by the incumbent Prime Minister would not be a new phenomenon.
Published 07 Apr, 2019 12:00am
Manufacturing sector to be pushed to boost exports: Mossadaq
Currency

Manufacturing sector to be pushed to boost exports: Mossadaq

Founding chairman of Pakistan-American Leadership Center, Mossadaq Chughtai has said that declining volumes of exports is major source of trade deficit in Pakistan, mainly because of complacent attitude of the successive governments over the last two deca
Published 07 Apr, 2019 12:00am
RTOs protest over delay in their promotion

RTOs protest over delay in their promotion

Staff at the Regional Tax Offices (RTOs) of the Federal Board of Revenue (FBR) have urged Chairman FBR to take notice of not holding even a single meeting of Departmental Promotion Committee (DPC) for promotion of IROs (BS-16) to Assistant Commissioner IR
Published 07 Apr, 2019 12:00am
SAB demands early announcement of wheat procurement policy

SAB demands early announcement of wheat procurement policy

Sindh Abadgar Board has demanded to Sindh Government to announce wheat procurement policy as delay in this regard creating unrest among the growers of the province. Addressing a press conference here at Hyderabad Press Club on Saturday, the Senior Vice Pr
Published 07 Apr, 2019 12:00am
World Health Day being observed today

World Health Day being observed today

Like other parts of the globe, World Health Day will also be observed in Pakistan on Sunday to remind that everyone should be able to access the health care they need, when and where they need it.
Published 07 Apr, 2019 12:00am
MoITT demands Rs 16.56 billion for 23 schemes under PSDP

MoITT demands Rs 16.56 billion for 23 schemes under PSDP

The Ministry of Information Technology and Telecommunication (MoITT) has demanded Rs 16.56 billion under Public Sector Development Programme (PSDP) for the fiscal year 2019-20. The ministry has proposed a total of 23 schemes including eight ongoing and 15
Published 07 Apr, 2019 12:00am
JI chief to take fresh oath of office on April 9

JI chief to take fresh oath of office on April 9

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, who is returning home from a three-week visit to Saudi Arabia tomorrow, will take fresh oath of his office on April nine, at a simple but impressive ceremony to be held at Mansoora. Senator Sirajul
Published 07 Apr, 2019 12:00am
France urges Japan to respect Ghosn's legal rights

France urges Japan to respect Ghosn's legal rights

France's foreign minister on Saturday urged Tokyo to ensure consular protection and the presumption of innocence in talks with his Japanese counterpart over the case of Carlos Ghosn, after the re-arrest of the former Nissan and Renault boss in Japan. Jean
Published 07 Apr, 2019 12:00am
Blast kills at least three at Iran military shipyard

Blast kills at least three at Iran military shipyard

A submarine battery exploded in an Iranian military shipyward on Saturday, killing three workers, state broadcaster IRIB said. "Three Defence Ministry staff were martyred after a submarine battery exploded at the Shahid Darvishi shipyard in (the Gulf port
Published 07 Apr, 2019 12:00am
Double blast kills three, injures 20 in Afghanistan

Double blast kills three, injures 20 in Afghanistan

Twin explosions on Saturday in the eastern Afghanistan city of Jalalabad killed three people and injured 20 others, local officials said. One child and two women were killed, said Mohammad Shoieb Sahak, deputy head of Nangarhar Regional Hospital. Eight se
Published 07 Apr, 2019 12:00am
Trump says has not read Mueller report

Trump says has not read Mueller report

US President Donald Trump said on Saturday he had not read Special Counsel Robert Mueller's report investigating contacts between his 2016 campaign and Russia that his Democratic opponents say should be released in full. "I have not read the Mueller Repor
Published 07 Apr, 2019 12:00am
Iron Maiden's singer Bruce Dickinson honoured in Sarajevo

Iron Maiden's singer Bruce Dickinson honoured in Sarajevo

Bruce Dickinson, lead singer with heavy metal group Iron Maiden, received the honorary citizenship of Sarajevo Saturday, in recognition of a concert he played there during the siege of the city. Dickinson took his band to the Bosnian capital in December 1
Published 07 Apr, 2019 12:00am
EU backs ICC after US revokes prosecutor's visa

EU backs ICC after US revokes prosecutor's visa

The EU on Saturday declared its support for the International Criminal Court, voicing "serious concern" after the US revoked the chief prosecutor's visa over a possible investigation into American soldiers' actions in Afghanistan.
Published 07 Apr, 2019 12:00am
Prices of essential kitchen items continue to hike

Prices of essential kitchen items continue to hike

Prices of the essential kitchen items remained on the high side during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. Traders at grains and vegetable markets told Business Recorde
Published 07 Apr, 2019 12:00am
PHMA to participate in TEXPO 2019
Cotton

PHMA to participate in TEXPO 2019

Pakistan Hosiery Manufacturers Association (PHMA) has announced to participate in the Second Edition of the TEXP0 2019, which is being held first time in Lahore at Expo Centre from April 11 to 14, with major display on value-added knitted garments and app
Published 07 Apr, 2019 12:00am
KP government okays Rs 2.4 billion for 42 projects

KP government okays Rs 2.4 billion for 42 projects

Provincial Development Working Party (PDWP) Khyber Pakhtunkhwa has accorded approval to more than Rs2.4 billion for 42 projects in different sectors. The funds were consented at a meeting of the committee in Peshawar. The projects are related to health, e
Published 07 Apr, 2019 12:00am
Man held for 'selling' daughter

Man held for 'selling' daughter

Police on Saturday arrested a man for selling his teenage daughter to a much older man in Dera Ismail Khan. The young woman had filed a case. She said that her father sold her to a 60-year-old man for Rs140,000 three months ago. She claimed that the man u
Published 07 Apr, 2019 12:00am
Fawad hails Asim Ijaz's appointment as HKS faculty director

Fawad hails Asim Ijaz's appointment as HKS faculty director

Minister for Information and Broadcasting Fawad Chaudhry on Saturday expressed joy over appointment of Pakistan-origin economist Asim Ijaz Khawaja as faculty director of Harvard's Kennedy School in the US.
Published 07 Apr, 2019 12:00am
Two killed, eight crime cases registered in Islamabad

Two killed, eight crime cases registered in Islamabad

Armed robbers struck at nine different places in the federal capital and killed two innocent people during the last week, exposing tall claims of police of putting stringent security arrangements in the city.
Published 07 Apr, 2019 12:00am
Marriyum accuses PM of ordering NAB's raid on Hamza's home

Marriyum accuses PM of ordering NAB's raid on Hamza's home

Central Information Secretary of opposition party Pakistan Muslim League-Nawaz (PML-N), Marriyum Aurangzeb Saturday accused National Accountability Bureau (NAB) of conducting raid at the residence of Hamza Shehbaz on the orders of Prime Minister Imran Kha
Published 07 Apr, 2019 12:00am
Bajaur elders, traders demand ban on PTM leaders' entry

Bajaur elders, traders demand ban on PTM leaders' entry

Tribal elders and traders of Bajaur tribal district have vowed to stage protest if the Pakhtun Tahaffuz Movement (PTM) held a rally in the area. The trading community president, Haji Khan Bahadur, president for Inayat Killi Haji Muhammad Zaman, Phatak Baz
Published 07 Apr, 2019 12:00am
FIR registered against Hamza's guards

FIR registered against Hamza's guards

A first information report (FIR) was registered on Saturday against the Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shehbaz's guards on an application filed by the National Accountability Bureau (NAB).
Published 07 Apr, 2019 12:00am
Accused of robbing currency dealer held
Currency

Accused of robbing currency dealer held

Capital City Police Saturday arrested three alleged robbers for snatching millions of rupees at gun point from a currency dealer. According to police, the currency dealer hailing from district Swat was going to his home town after exchanging currency from
Published 07 Apr, 2019 12:00am
Political deadlock persists over ECP members' appointment

Political deadlock persists over ECP members' appointment

The political deadlock on appointment of two members of the Election Commission of Pakistan (ECP) continues with increasing prospect of the prime minister bypassing direct consultation with the leader of the opposition as required by the constitution and
Published 07 Apr, 2019 12:00am
Centre for Autism Rehabilitation & Training opens

Centre for Autism Rehabilitation & Training opens

Pakistan Peoples Party chairman Bilawal Bhutto-Zardari has said that the establishment of Centre for Autism Rehabilitation and Training Sindh (C-ARTS) in public sector is a great achievement of Sindh government. He said this, speaking at inaugural of C-AR
Published 07 Apr, 2019 12:00am
KP businessmen invited to participate expo in Somalia

KP businessmen invited to participate expo in Somalia

Embassy of Somalia Deputy Commercial Attaché Abdifitah Abdul Kadir Osman has invited to Khyber Pakhtunkhtunwa companies to participate in Single Country exhibition in Somalia, which is scheduled to be held in June 2019. He viewed that the mutual trade and
Published 07 Apr, 2019 12:00am
Wahab accuses PTI government of ruining economy

Wahab accuses PTI government of ruining economy

Advisor to Chief Minister Sindh on Information, Law and Anti-corruption, Barrister Murtaza Wahab has said that PTI government have put the country's economy on peril. He said that Prime Minister Imran Khan and the Finance Minister Asad Umar are showing th
Published 07 Apr, 2019 12:00am
Over 1500 packs of counterfeit powdered milk seized

Over 1500 packs of counterfeit powdered milk seized

Khyber Pakhtunkhwa Food Safety and Halal Food Authority (PKFA) seized more than 1500 packs of counterfeit powdered milk during a crackdown, here on Saturday. A team of KPFA led by its director operations Khalid Khan Khattak, assistant director Aneela Mahb
Published 07 Apr, 2019 12:00am
Minister vows to remove anomalies from ST software

Minister vows to remove anomalies from ST software

Minister of State for Revenue Hammad Azhar has assured commercial importers that anomalies in the sales tax software will be removed. He said this, taking notice of show cause notices to commercial importers. A joint delegation of Pakistan Chemicals & Dye
Published 07 Apr, 2019 12:00am
Murad pays rich tributes to Shah Latif Bhitai

Murad pays rich tributes to Shah Latif Bhitai

Sindh Chief Minister Syed Murad Ali Shah has said that Prime Minister Imran Khan would have no option but to make arrangements for his exit when PPP co-chairman Asif Zardari would decide the march on Islamabad streets. Talking to the media at Mohatta Pala
Published 07 Apr, 2019 12:00am
'Speed money'

'Speed money'

I was amused to read Farooq Hassan's article 'Speed Money' in Business Recorder, April 5, wherein he mentions me rather gratuitously. It is easy to guess whose propaganda objective he is hoping to serve when he fails to mention the one intelligence servic
Published 07 Apr, 2019 12:00am
Far-right parties kick off campaigns for Europe election

Far-right parties kick off campaigns for Europe election

Right-wing populist parties are gearing up to campaign for European Parliament elections next month, but policy differences and the Brexit drama threaten their dream to "unite the right". Many fear the May 26 vote will be a wake-up call for Brussels on th
Published 07 Apr, 2019 12:00am
'Independent' money producers?

'Independent' money producers?

Water and Power Development Authority (WAPDA) and the Karachi Electric (KE) owned all power generating plants in Pakistan up until the mid-1980s. In 1985, a lack of funds in the public sector forced the Government to discontinue its support to WAPDA. Cons
Published 07 Apr, 2019 12:00am
Not all gloom and doom
Currency

Not all gloom and doom

Six months ago, the macroeconomic situation was worse but the sentiments were not that negative, and today with external imbalances are of lesser magnitude, but the sentiments are down. There is something missing in managing the markets, businesses and pe
Published 07 Apr, 2019 12:00am
The challenge of 'ice' addiction

The challenge of 'ice' addiction

More than nine million Pakistanis use illicit drugs. Pakistan is poppy-free, but in last 12 years (2007-2018) the Anti-Narcotics Force (ANF) made seizures of 1381 tons of narcotics and 409 tons of precursors. And in 2018 alone, 643 were convicted for illi
Updated 08 Apr, 2019 07:38am
Ditching India's lies

Ditching India's lies

Tell truth and shame the devil. This is exactly what the United States, despite its recent warm-up for India, has done. It has stripped bare Prime Minister Narendra Modi's so-called military victory over Pakistan in the recent standoff. The electoral-cand
Updated 08 Apr, 2019 07:38am
Maldives ex-leader makes comeback in landmark vote

Maldives ex-leader makes comeback in landmark vote

The Maldives on Saturday held its first parliamentary election since former strongman leader Abdulla Yameen was forced to stand down, with his arch-rival tipped to make a big political comeback. President Ibrahim Mohamed Solih appealed for a high turnout
Published 07 Apr, 2019 12:00am
Maldives ex-leader makes comeback in landmark vote

Maldives ex-leader makes comeback in landmark vote

The Maldives on Saturday held its first parliamentary election since former strongman leader Abdulla Yameen was forced to stand down, with his arch-rival tipped to make a big political comeback. President Ibrahim Mohamed Solih appealed for a high turnout
Published 07 Apr, 2019 12:00am
ECC approves Rs 410 million grant for repair of PM''s planes

ECC approves Rs 410 million grant for repair of PM''s planes

The Economic Coordination Committee (ECC) of the Cabinet headed by Finance Minister, has approved supplementary grant of Rs 410 million for repair of two VVIP Gulfstream aircraft in use by the Prime Minister well-informed sources told Business Recorder
Published 07 Apr, 2019 12:00am
ECC approves Rs 410 million grant for repair of PM's planes

ECC approves Rs 410 million grant for repair of PM's planes

The Economic Coordination Committee (ECC) of the Cabinet headed by Finance Minister, has approved supplementary grant of Rs 410 million for repair of two VVIP Gulfstream aircraft in use by the Prime Minister well-informed sources told Business Recorder
Published 07 Apr, 2019 12:00am
ECC approves Rs 410 million grant for repair of PM's planes

ECC approves Rs 410 million grant for repair of PM's planes

The Economic Coordination Committee (ECC) of the Cabinet headed by Finance Minister, has approved supplementary grant of Rs 410 million for repair of two VVIP Gulfstream aircraft in use by the Prime Minister well-informed sources told Business Recorder
Published 07 Apr, 2019 12:00am
Crackdown against increase in prices of medicines launched

Crackdown against increase in prices of medicines launched

The Drug Regulatory Authority of Pakistan (DRAP) has launched countrywide crackdown against the pharma companies involved in illegal and unauthorised increase in prices of medicines. According to a spokesperson for the Drug Regulatory Authority, the actio
Published 07 Apr, 2019 12:00am
Crackdown against increase in prices of medicines launched

Crackdown against increase in prices of medicines launched

The Drug Regulatory Authority of Pakistan (DRAP) has launched countrywide crackdown against the pharma companies involved in illegal and unauthorised increase in prices of medicines. According to a spokesperson for the Drug Regulatory Authority, the actio
Published 07 Apr, 2019 12:00am
Crackdown against increase in prices of medicines launched

Crackdown against increase in prices of medicines launched

The Drug Regulatory Authority of Pakistan (DRAP) has launched countrywide crackdown against the pharma companies involved in illegal and unauthorised increase in prices of medicines. According to a spokesperson for the Drug Regulatory Authority, the actio
Published 07 Apr, 2019 12:00am
EU ministers pile pressure on Haftar to halt Libya offensive

EU ministers pile pressure on Haftar to halt Libya offensive

EU foreign ministers on Saturday upped pressure on Libyan commander Khalifa Haftar to halt his offensive on Tripoli, urging the strongman to commit to a political solution. Khalifa's dramatic bid to take Tripoli came as a meeting of Group of Seven (G7) fo
Published 07 Apr, 2019 12:00am
EU ministers pile pressure on Haftar to halt Libya offensive

EU ministers pile pressure on Haftar to halt Libya offensive

EU foreign ministers on Saturday upped pressure on Libyan commander Khalifa Haftar to halt his offensive on Tripoli, urging the strongman to commit to a political solution. Khalifa's dramatic bid to take Tripoli came as a meeting of Group of Seven (G7) fo
Published 07 Apr, 2019 12:00am
Chinese investors snap up Greek ''Golden Visas''

Chinese investors snap up Greek ''Golden Visas''

Chinese investors led the so-called Golden Visa boom in Greece, where residence permits issued to non-E.U countries citizens grew 46 percent last year. Other crisis-hit countries like Portugal and Spain have used the scheme for years to lure investors in
Published 07 Apr, 2019 12:00am
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